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PRESS RELEASE

Korea Eximbank-Douzone Bizon, Signing an Online Supply Chain Factoring business agreement to support indirect export SMEs

Date 2022.11.22

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□ The Export-Import Bank of Korea (www.koreaexim.go.kr, Chairman Yoon Hee-sung, “Korea Eximbank”) announced on the 22nd that it has signed an "Online Supply Chain Factoring" business agreement with Douzone Bizon (CEO Kim Yong-woo) to support indirect export SMEs. 

 

 ㅇ Yoon Hee-sung, Chairman of Korea Eximbank, and Kim Yong-woo, CEO of Douzone Bizon, met at the Douznoe Bizon office in Eulji-ro in the afternoon and signed a business agreement.

 

 

□ The main contents of the business agreement signed on this day are the establishment of an Online Supply Chain Factoring system using ▲ Douzone Bizon's online platform (WEHAGO), and the development of customized financial services for small and medium-sized companies using ▲ big data.

 

 

□ If the Online Supply Chain Factoring system is established through this agreement, it is expected that low-credit SMEs focusing on indirect exports will have more access to policy finance.

 

 ㅇ It is expected to serve as a pillar that connects the supply chain firmly by utilizing buyers' credit ratings without a separate credit rating from suppliers and improving transaction convenience through non-visiting and non-visiting methods using online platforms.

 

 

□ Korea Eximbank plans to complete the construction of the system within this year and focus on supporting the government's key strategic industries such as electric vehicles, batteries, defense, and nuclear power plants from next year.

 

 

□ At the signing ceremony, Yoon Hee-sung, Chairman of  Korea Eximbank, said, "We hope that it will be of practical help to indirect export SMEs that have been in the blind spot of financial support in cooperation with Douzone Bizon, Korea's leading ICT company."

 

 

□ Kim Yong-woo, CEO of Douzone Bizon, said, "We hope this business agreement will help resolve the grievances of SMEs that have difficulty managing their funds in cooperation with the Korea Eximbank, a leading Export Credit Agency."